Are they actually dumping, or extraction/refinement of materials is actually much cheaper in China, so it feels like dumping?

Frankly, I don’t mind it, because western companies should also engage in this behaviour, if they can. Sell physical items for cheaper than it takes to produce them! They’re doing it with services and etc. anyways, might as well do it with physical products too.

How is extraction/refinement of materials much cheaper in China?

I have been told they are reaching wage parity with the west, so not labor cost.

Reuters agrees with op: https://www.reuters.com/world/china/chinese-goods-dumping-st...